Fortune Shoes Limited.: IPO Information and Lottery Draw Result. Fortune Shoes IPO Result will be available here. The Bangladesh Securities Exchange Commission (BSEC) approved IPO “Fortune Shoes Ltd.” on
Wednesday 29 June 2016 on their 579 nos Board Meeting presided by BSEC
Chairman Prof. Dr. M Khairul Hossain to issue 2.20 crore ordinary shares
worth Tk 10 each. Company Information, IPO Application Form, Prospectus
& Result is given below.
COMPANY NAME:
Fortune Shoes Ltd. ( also called FSL) was
incorporated in Bangladesh as a Private Limited Company with the
issuance of Certificate of incorporation bearing no. CH-7590/10 of 2010
dated on March 14, 2010 by the Registrar of Joint Stock Companies &
Firms, Chittagong, Bangladesh. The Company Converted into public Limited
Company on 2015.The Company started its commercial operation on
September 07, 2011.
PROCESS OF BUSINESS:
Fortune Shoes Limited (FSL) is a 100% export oriented company engaged in shoes manufacturers in Bangladesh. The principal activities of the Company are to carry on the business of manufacturing and exporting of all kind of leather shoes, footwear etc.
PRODUCT:
The Company has the experience of
development and manufacturing all kinds of Sports shoes, Leather shoes
and other footwear for kids, man and women.
MACHINERY:
Fortune Shoes Limited has been using
sophisticated machineries and modern technology in order to produce high
quality of shoes. It helps us to be competitive over our competitors
because of FSL latest machineries and technology.
GROUP ASSOCIATES:
There is no subsidiary company of Fortune Shoes Limited.MAJOR COMPETITORS:
In Bangladesh a number of firms are
engaged in Shoes industries. Major competitors are: 1. Bata Shoe
Limited, 2. Apex Footwear Limited, 3. Legacy Footwear Limited, 4. Lalmai
Sportswear Industries Limited, 5. Bengal Shoe Industries Limited 6.
Longla Leatherex limited 7. Zeil Wears Limited 8. Earth Footwear
Limited.
EXPORT MARKET:
FSL is an export oriented company and its product export to Taiwan, Netherlands, Spain, Sweden, Switzerland, Canada and Germany.
ADDRESS:
FSL manufacturing unit is situated at Kawnia, Barisal.
Head Office: Moon Island, Suite # C-03, Plot # 34 & 36, Road # 08, Block # E, Niketon, Gulshan-01, Dhaka-1212., Bangladesh
Phone: +880-02-9851132, Fax: +880-02-9851154
Email: infofsl@fortuneshoes.com
Web Address: fortuneshoes.com, fortuneshoesltd.com
Factory Office: Plot No. 66-68, BSCIC Industrial Estate, Kawnia, Barisal, Bangladesh.
Phone: +880-031-741299
FORTUNE SHOES LTD. EPS & NAV PER SHARE:
As per company’s nine month ended
financial statement on 29 February, 2016 Fortune Shoes Ltd. stands
weight average Earning Per Shares (EPS) at Tk. 1.22 and Net Assets Value
(NAV) per shares Tk. 13.75 respectively.
ISSUE MANAGER:
Imperial Capital Ltd. and Prime Bank Investment Ltd. jointly working as the manager to the issue.WHY PUBLIC OFFERING:
Bangladesh Securities Exchange
Commission (BSEC) approved IPO of above Co. on 30 June 2016. The
Company’s will raise a fund worth Tk. 220.00 million for the purpose of
Machinery Purchase, Construction for Office Building and the IPO
expenses meet from IPO proceeds.
VALUE OF IPO: Tk. 220,000,000/=
FACE VALUE: Tk. 10/=
PREMIUM VALUE: Nil
MARKET LOT: 500
SHARE ALLOTMENT: 40% for General Public=17,600 lot, 40% for Eligible Investor (EI) = 17,600 lot, 10% for NRB =4,400 lot and 10% for Mutual Fund = 4,400 lot.
SUBSCRIPTION DATE:
The Company’s subscription date will start from 16 August’16 and cut off date 28 August’16 [Including NRB].FORTUNE SHOES LTD. IPO FORM DOWNLOAD HERE:
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LOTTERY RESULT DOWNLOAD HERE: Not Yet Published
Stock Broker / Merchant Bank Code
General Public
Non Residence Bangladeshi (NRB)
Eligible Investors
Mutual Fund
THANK YOU FOR CONNECTING WITH US.
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